Key growth targets well within reach

Policy | Luo Jiexin and Xue He

China's economic growth recovered slightly in the second quarter to reach 7.5 percent, a strong indication that the world's second-largest economy has been stabilizing after it dipped to a multi-year low of 7.4 percent in the first quarter.

With improving global markets, the expanding effects of mini-stimulus policies and loosening of monetary policies, the economy, more likely than not, will gain more momentum during the rest of the year. With this trend, the focus of the government in the second half of the year should move toward accelerating reform measures, especially in such industries as finance and services.